Shares of Excelland Robot (03231) made a striking trading debut on the Hong Kong Stock Exchange, opening 142.21% higher at HK$35 apiece with turnover reaching HK$83.46 million at the time of writing. The IPO was priced at HK$14.45 per share, with 45 million shares offered in lots of 200 shares each, raising net proceeds of approximately HK$686 million.

According to the prospectus, Excelland Robot generates revenue by commercializing its technology through the sale of robot products and modules, providing AI vision model solutions for industrial applications, as well as offering Robot-as-a-Service (RaaS) and leasing arrangements. Market research firm Frost & Sullivan data indicates that Excelland Robot stands among a select group of global enterprises that have successfully commercialized integrated robotic products capable of operating both indoors and outdoors.

Spanning from hotel corridors to private dining rooms, and from industrial parks to outdoor cleaning operations, the company's diverse product lines have created a comprehensive all-scenario network.